Open Banking demands customer-centric approach for banks and TPPs

Open banking has gained momentum in the global banking industry. Banks and Fintechs are adopting the new approach to revolutionize services quicker than ever before – keeping customer needs as the...

How will Open Banking impact the market for lending

With open banking leading the way, large banks, financial institutions, and aspiring third party providers are preparing to redefine the financial services. They will produce more personalized...

PSD2 to push transformation of customer experience in banking

Today’s customers want personalized interactions, easy access to their money, and simplified processes when it comes to banking services. A customer’s banking journey ranges from onboarding to...

Norwegian Ministry of Finance Adopts a New Regulation on Debt-based Crowdfunding

In recent events, the Norwegian Ministry of Finance has implemented a new regulation in the debt-based crowdfunding arena. With the implementation of this new regulation, the Ministry of Finance has put a lid on the uncertainty related to the lender’s activity authorization on debt-based crowdfunding platforms. What is Debt-based crowdfunding? The debt-based crowdfunding has gained…

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How Open Banking Will Regulate Digital Economy

PSD2 was first introduced to the world in January 2018 to regulate the payment and finance sector in EU countries. The directive was launched to force big banks to share access to data with third-party providers (TPPs) promoting competition and bring innovation in the...

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Open Banking and PSD2 will Push Innovation

What is PSD2? The monopoly of banksThe EU directive PSD2(Payment Service Directive 2) are made so that payments and security of consumers can be taken to the next level. To allow for this to happen the PSD2 makes it easier for small startups and others that want to...

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3 Major Trends Driving Banking in the Near Future

A long decade after the global banking crisis, the banking the industry has started to evolve to be customer-oriented and digitally driven. With technology, banks are now more capable of bringing solutions to customers based on their needs and requirements. E.g.,...

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Strong Customer Authentication (SCA) Under PSD2

The concept of open banking lies in the co-existence of banks and emerging Fintech firms. Together, they could bring about new possibilities for creating a customer-centric financial ecosystem. Banks and financial institutions will make use of the vast customer data...

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How PSD2 Will Affect the Fintech Industry?

With the introduction of PSD2, 2018 proved to be a substantial year in the Fintech world. Many countries have started incorporating the directive into their national laws and regulations. Norway is the latest in the list of PSD2 compliant countries. The European Union...

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Adopting Open Banking and API Ecosystem

The concept of being open in regards to user data seems contradictory to banks in the current financial environment. We generally believe that banks must keep our data secure and must not open to any third party. Open Banking is an approach existing because of PSD2 to...

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Blockchain as a Service: An Introduction

“Blockchain” as a search term has now become more popular than “cryptocurrency.” As people understand the potential of the blockchain, they are trying hard to understand all the aspects of this disruptive and emerging technology. Gartner reports, blockchain has seen...

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